RBI signs an information sharing agreement with Brazil’s Central Bank

Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with Brazil’s Central Bank- Banco Central do Brasil (BCB).

This MoU was signed by Anthero de Moraes Meirelles, Deputy Governor for Supervision, BCB and S.S. Mundra, Deputy Governor, Reserve Bank of India.

• RBI by signing such MoU with supervisors of other countries is seeking to promote greater co-operation and share supervisory information among the authorities.
• In this regard, RBI in total has signed 23 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation (SoC), with different Central Banks of other countries and overseas regulators/supervisors.